Wednesday
July 30, 2014

‘Property Wars’ Star Ordered to Close Business

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‘Property Wars’ Star Ordered to Close Business

The Arizona Department of Real Estate is ordering “Property Wars” reality star John Ray and his firm to stop doing business because they do not hold a real estate license. 

The cease and desist order by ADRE was issued to Ray and his business, Arizona Investors Alliance LLC, on Dec. 6. Ray’s license had been terminated since June 2011, and the firm has no record of a license, according to ADRE. 

Ray’s Arizona Investors Alliance works with Ray’s Zaxon Properties, which touts itself as a real estate brokerage but it’s real estate license became inactive as of May. ADRE also reviewed Ray’s website, www.bidazforeclosures.com, (which is no longer active) and had determined that the site indicated several business practices that require a real estate license. 

In Arizona, a person who acts as a real estate broker or salesperson without a license can be found guilty of a felony that can hold a minimum six months in prison. 

Ray has appeared as a cast member on the Discovery Channel’s reality TV show “Property Wars.” The show, set in Phoenix, follows Ray and other property bidders who appear at auctions to bid on foreclosures. 

According to cast member Twitter accounts, the show has not been renewed for a third season. 

Source: “Property Wars star John Ray ordered to shut down Arizona real estate business,” Phoenix Business Journal (Jan. 2, 2014)

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